JBT Marel (NYSE:JBTM) Stock Price Down 8.7% – Here’s Why

JBT Marel Corporation (NYSE:JBTM)’s stock price fell 8.7% during mid-day trading on Wednesday . The company traded as low as $120.98 and last traded at $121.00. Approximately 475,073 shares traded hands during mid-day trading, a decline of 13% from the average daily volume of 548,285 shares. The stock had previously closed at $132.47.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Zacks Research lowered JBT Marel from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Weiss Ratings downgraded JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, June 5th. Seaport Research Partners set a $165.00 price objective on JBT Marel in a report on Thursday, May 21st. Oppenheimer initiated coverage on JBT Marel in a research note on Thursday, May 21st. They issued an “outperform” rating and a $175.00 price objective on the stock. Finally, Wall Street Zen lowered JBT Marel from a “buy” rating to a “hold” rating in a report on Sunday, June 21st. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $174.67.

JBT Marel Trading Up 1.5%

The company has a market capitalization of $6.45 billion, a price-to-earnings ratio of 33.76, a P/E/G ratio of 1.30 and a beta of 0.94. The company has a 50-day moving average price of $134.44 and a 200-day moving average price of $139.04. The company has a quick ratio of 0.61, a current ratio of 1.24 and a debt-to-equity ratio of 0.37.

JBT Marel (NYSE:JBTM) last posted its quarterly earnings data on Monday, August 3rd. The company reported $1.95 earnings per share for the quarter, missing the consensus estimate of $2.02 by ($0.07). JBT Marel had a return on equity of 8.75% and a net margin of 4.89%.The business had revenue of $981.00 million for the quarter. JBT Marel has set its FY 2026 guidance at 7.850-8.350 EPS. Research analysts predict that JBT Marel Corporation will post 8.14 EPS for the current fiscal year.

JBT Marel Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, August 17th. JBT Marel’s dividend payout ratio is currently 10.90%.

Hedge Funds Weigh In On JBT Marel

A number of institutional investors and hedge funds have recently bought and sold shares of JBTM. Northwestern Mutual Wealth Management Co. grew its position in JBT Marel by 9,103.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 23,376 shares of the company’s stock valued at $3,522,000 after acquiring an additional 23,122 shares during the period. Gildi lifeyrissjodur bought a new position in shares of JBT Marel in the fourth quarter valued at about $170,862,000. Bessemer Group Inc. lifted its position in JBT Marel by 127.3% during the 4th quarter. Bessemer Group Inc. now owns 386,767 shares of the company’s stock worth $58,275,000 after buying an additional 216,602 shares in the last quarter. Royce & Associates LP grew its holdings in JBT Marel by 4.4% during the 4th quarter. Royce & Associates LP now owns 668,588 shares of the company’s stock worth $100,736,000 after acquiring an additional 28,335 shares during the last quarter. Finally, Legato Capital Management LLC increased its position in JBT Marel by 78.3% in the 4th quarter. Legato Capital Management LLC now owns 16,118 shares of the company’s stock valued at $2,428,000 after acquiring an additional 7,078 shares in the last quarter. Institutional investors own 98.92% of the company’s stock.

About JBT Marel

JBT Marel Corporation provides technology solutions to food and beverage industry in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It offers value-added processing that includes chilling, mixing/grinding, injecting, blending, marinating, tumbling, flattening, forming, portioning, coating, cooking, frying, freezing, extracting, pasteurizing, sterilizing, concentrating, high pressure processing, weighing, inspecting, filling, closing, sealing, end of line material handling, and packaging solutions to the food, beverage, and health market.